TKS Securities Treasury Watch Daily Summary 25 May 2015

Melissa Pereira on Wed May 27, 2015 11:50 am

Local News

1) The secondary Bond was seen shifting to a bearish sentiment yesterday as yields edged up marginally in thin trade. - Daily FT

2) Rupee forwards ended steady on Monday as the Central Bank prevented any fall in the currency against the dollar via moral suasion. - Daily FT

3) Repayments to depositors of t Golden Key Credit Card Company, a collapsed firm that took deposits illegally will be made according to a court mandated plan. - Economynext

Foreign News
1) Asian shares fell in early trading on Tuesday, while the dollar held near highs scaled in holiday-thinned trading in the previous session. European shares marked a weak finish in thin trade on Monday, with many markets in the region closed for
holidays. U.S. markets were also closed for Memorial Day. -
Reuters

2) U.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning to a more normal level will take a few years. - Reuters

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